Crypto Daily – ($BTC) made its biggest daily move in its history on Monday, with a towering $8,343 rise. Stopping on Tuesday, just short of $90,000, could this be the top for now, or is it possible that this incredible move could continue?
Is gravity about to kick in?
What goes up must come down. The law of gravity not only applies to the physical world, but in its essence, also to the world of financial assets. Bitcoin has been on the most breathtaking rampage to the upside since Donald Trump won the U.S. presidential election. Surely it must be time for even the king of the cryptocurrencies to take a breather.
There has been so much promise and good news for Bitcoin that this has propelled it to the dizzy heights of $90,000. Some may say that this is still way short of the $BTC eventual top, but the path to the market top will still have plenty of reversals – some will probably even be quite deep.
MicroStrategy buys another $2 billion $BTC
Reaching…
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